PORTLAND, ORE. — Subaru of America has announced its plans to lease 600,000 square feet at Gresham Vista Business Park, just east of Portland. The new facility will be developed at the intersection of NE 38th Drive and NE 242nd Drive.
The space will break ground this August. Subaru is scheduled to occupy the facility in October 2016.
The 220-acre Gresham Vista Business Park is situated at the Port of Portland. The new space is being developed by a joint venture between Trammell Crow Company and a commingled fund managed by Clarion Partners.
This is the second development Trammell Crow has handled for Subaru on port-owned property. It is also the largest development at Gresham Vista since the property was acquired by the port in 2011, according to Trammell Crow.
The new space will allow Subaru to relocate its master distribution facility, which serves regional facilities from Japan to Portland. The facility will sit on 40 acres, which will also allow for future expansion of up to 236,000 square feet.
Subaru’s existing 413,900-square-foot regional distribution center in the Port’s Rivergate Industrial Park will continue to operate.